Vest Financial LLC Invests $1.52 Million in Korn Ferry (NYSE:KFY)

Vest Financial LLC purchased a new stake in shares of Korn Ferry (NYSE:KFY - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 22,435 shares of the business services provider's stock, valued at approximately $1,522,000.

A number of other large investors have also made changes to their positions in KFY. Wellington Management Group LLP bought a new position in shares of Korn Ferry in the fourth quarter worth about $51,454,000. Norges Bank purchased a new stake in Korn Ferry in the fourth quarter worth $42,360,000. Rockefeller Capital Management L.P. raised its stake in shares of Korn Ferry by 113.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 826,157 shares of the business services provider's stock valued at $55,724,000 after acquiring an additional 438,644 shares in the last quarter. Tidal Investments LLC raised its position in shares of Korn Ferry by 5,931.0% in the 4th quarter. Tidal Investments LLC now owns 352,030 shares of the business services provider's stock worth $23,744,000 after acquiring an additional 346,193 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of Korn Ferry by 19.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,133,548 shares of the business services provider's stock worth $76,458,000 after buying an additional 184,170 shares during the last quarter. 98.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on KFY. UBS Group dropped their target price on Korn Ferry from $75.00 to $74.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 27th. Wall Street Zen cut shares of Korn Ferry from a "strong-buy" rating to a "buy" rating in a report on Saturday. Finally, Truist Financial cut their price target on Korn Ferry from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th.

Korn Ferry Price Performance

Shares of NYSE:KFY traded down $0.78 during trading on Wednesday, reaching $69.37. 187,497 shares of the company's stock traded hands, compared to its average volume of 378,529. The company has a 50-day simple moving average of $65.20 and a 200-day simple moving average of $67.53. Korn Ferry has a fifty-two week low of $59.23 and a fifty-two week high of $80.64. The firm has a market cap of $3.58 billion, a PE ratio of 14.80 and a beta of 1.42. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22.

Korn Ferry (NYSE:KFY - Get Free Report) last released its earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.06. The business had revenue of $676.50 million during the quarter, compared to analyst estimates of $650.45 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The company's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.07 earnings per share. As a group, analysts predict that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Profile

Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and Recruitment Process Outsourcing (RPO) & Professional Search. The company provides executive search services to recruit board level, chief executive, other senior executive, and general management talent of organizations.